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China Tobacco International (HK) Co (HKSE:06055) EBIT : HK$1,268 Mil (TTM As of Jun. 2024)


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What is China Tobacco International (HK) Co EBIT?

China Tobacco International (HK) Co's earnings before interest and taxes (EBIT) for the six months ended in Jun. 2024 was HK$944 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Jun. 2024 was HK$1,268 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. China Tobacco International (HK) Co's annualized ROC % for the quarter that ended in Jun. 2024 was 43.84%. China Tobacco International (HK) Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2024 was 71.66%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. China Tobacco International (HK) Co's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Jun. 2024 was 6.97%.


China Tobacco International (HK) Co EBIT Historical Data

The historical data trend for China Tobacco International (HK) Co's EBIT can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

China Tobacco International (HK) Co EBIT Chart

China Tobacco International (HK) Co Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
EBIT
Get a 7-Day Free Trial 380.35 108.54 799.33 695.44 1,013.81

China Tobacco International (HK) Co Semi-Annual Data
Dec16 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24
EBIT Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 397.33 298.11 689.94 323.88 944.06

Competitive Comparison of China Tobacco International (HK) Co's EBIT

For the Tobacco subindustry, China Tobacco International (HK) Co's EV-to-EBIT, along with its competitors' market caps and EV-to-EBIT data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


China Tobacco International (HK) Co's EV-to-EBIT Distribution in the Tobacco Products Industry

For the Tobacco Products industry and Consumer Defensive sector, China Tobacco International (HK) Co's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where China Tobacco International (HK) Co's EV-to-EBIT falls into.



China Tobacco International (HK) Co EBIT Calculation

EBIT, sometimes also called Earnings Before Interest and Taxes, is a measure of a firm's profit that includes all expenses except interest and income tax expenses. It is the difference between operating revenues and operating expenses. When a firm does not have non-operating income, then Operating Income is sometimes used as a synonym for EBIT and operating profit.

EBIT for the trailing twelve months (TTM) ended in Jun. 2024 adds up the semi-annually data reported by the company within the most recent 12 months, which was HK$1,268 Mil.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


China Tobacco International (HK) Co  (HKSE:06055) EBIT Explanation

1. EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition.

China Tobacco International (HK) Co's annualized ROC % for the quarter that ended in Jun. 2024 is calculated as:

ROC % (Q: Jun. 2024 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Dec. 2023 ) + Invested Capital (Q: Jun. 2024 ))/ count )
=1778.706 * ( 1 - 19.31% )/( (3048.558 + 3499.419)/ 2 )
=1435.2378714/3273.9885
=43.84 %

where

Invested Capital(Q: Dec. 2023 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=6740.395 - 1475.838 - ( 2331.956 - max(0, 3997.613 - 6213.612+2331.956))
=3048.558

Invested Capital(Q: Jun. 2024 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=9665.203 - 3426.467 - ( 2808.865 - max(0, 6472.05 - 9211.367+2808.865))
=3499.419

Note: The Operating Income data used here is two times the semi-annual (Jun. 2024) data.

2. Joel Greenblatt's definition of Return on Capital:

China Tobacco International (HK) Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2024 is calculated as:

ROC (Joel Greenblatt) %(Q: Jun. 2024 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Dec. 2023  Q: Jun. 2024
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=1888.118/( ( (43.465 + max(2373.669, 0)) + (53.515 + max(2799.053, 0)) )/ 2 )
=1888.118/( ( 2417.134 + 2852.568 )/ 2 )
=1888.118/2634.851
=71.66 %

where Working Capital is:

Working Capital(Q: Dec. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(908.006 + 2973.65 + 0) - (1475.838 + 0 + 32.149)
=2373.669

Working Capital(Q: Jun. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(2503.717 + 3861.601 + 37.183999999999) - (3426.467 + 0 + 176.982)
=2799.053

When net working capital is negative, 0 is used.

Note: The EBIT data used here is two times the semi-annual (Jun. 2024) EBIT data.

3. It is also linked to Joel Greenblatt's definition of Earnings Yield:

China Tobacco International (HK) Co's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Jun. 2024 )
=1267.937/18185.210
=6.97 %

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


China Tobacco International (HK) Co EBIT Related Terms

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China Tobacco International (HK) Co Business Description

Traded in Other Exchanges
N/A
Address
18 Hung Luen Road, China Life Center, Room 1002, 10th Floor, Tower A, One Harbour Gate, Hung Hom, Kowloon, Hong Kong, HKG
China Tobacco International (HK) Co Ltd is engaged in the tobacco business. It operates through the various segments namely Tobacco Leaf Products Export Business, the Tobacco Leaf Product Import Business, the Cigarettes Export Business, and New Tobacco Product Export Business. The company's geographical segments are China (excluding the SARs), Indonesia, Hong Kong, Philippines, Vietnam, Singapore, Thailand, and others.
Executives
China National Tobacco Corporation 2201 Interest of corporation controlled by you
Tian Li International Company Limited 2101 Beneficial owner

China Tobacco International (HK) Co Headlines

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